YRC Worldwide, Inc. (YRCW) Receives Buy Rating from Stifel Nicolaus
YRC Worldwide, Inc. (NASDAQ:YRCW)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $18.00 target price on the transportation company’s stock, down from their previous target price of $19.00. Stifel Nicolaus’ price target suggests a potential upside of 34.63% from the company’s previous close.
A number of other research firms have also recently weighed in on YRCW. BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday. Finally, Aegis restated a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.75.
Shares of YRC Worldwide (YRCW) traded up 2.06% during midday trading on Thursday, hitting $13.37. 1,007,503 shares of the stock traded hands. The firm’s 50 day moving average price is $13.23 and its 200 day moving average price is $11.50. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $16.97. The company has a market capitalization of $448.32 million, a PE ratio of 4456.67 and a beta of 3.73.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $0.83 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts expect that YRC Worldwide will post $0.39 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in YRC Worldwide by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock worth $25,287,000 after buying an additional 99,353 shares during the period. Dimensional Fund Advisors LP increased its position in YRC Worldwide by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,583,122 shares of the transportation company’s stock worth $17,604,000 after buying an additional 4,265 shares during the period. FMR LLC increased its position in YRC Worldwide by 31.3% during the 1st quarter. FMR LLC now owns 1,298,232 shares of the transportation company’s stock worth $14,294,000 after buying an additional 309,400 shares during the period. Northpointe Capital LLC increased its position in YRC Worldwide by 139.3% during the 2nd quarter. Northpointe Capital LLC now owns 1,186,033 shares of the transportation company’s stock worth $13,189,000 after buying an additional 690,449 shares during the period. Finally, Formula Growth Ltd. increased its position in YRC Worldwide by 277.4% during the 2nd quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock worth $11,120,000 after buying an additional 735,000 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.
YRC Worldwide Company Profile
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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